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Ancient Art’s Frontier Group Holdings ULCC Stock Holding History

Ancient Art’s Portfolio ULCC Stock Details ULCC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$18.9M Sell
2,395,119
-727,585
-23% -$3.75M 3.87% 9
2026
Q1 		$11M Sell
3,122,704
-461,099
-13% -$2.11M 2.4% 13
2025
Q4 		$16.9M Sell
3,583,803
-700,000
-16% -$3.1M 3.82% 7
2025
Q3 		$18.9M Sell
4,283,803
-447,030
-9% -$2.03M 4.55% 6
2025
Q2 		$17.2M Buy
4,730,833
+200,000
+4% +$733K 5.55% 6
2025
Q1 		$19.7M Sell
4,530,833
-885,388
-16% -$6.59M 5.83% 7
2024
Q4 		$38.5M Sell
5,416,221
-2,111,500
-28% -$13.2M 8.19% 6
2024
Q3 		$40.3M Hold
7,527,721
– – 9.32% 5
2024
Q2 		$37.1M Sell
7,527,721
-19,094
-0.3% -$114K 9.51% 5
2024
Q1 		$61.2M Sell
7,546,815
-1,114,506
-13% -$7.22M 12.37% 4
2023
Q4 		$47.3M Buy
8,661,321
+700,000
+9% +$3.06M 7.89% 4
2023
Q3 		$38.5M Buy
7,961,321
+2,734,104
+52% +$20.5M 8.27% 6
2023
Q2 		$50.5M Buy
5,227,217
+868,682
+20% +$7.8M 10.71% 4
2023
Q1 		$42.9M Sell
4,358,535
-50,000
-1% -$558K 9.35% 3
2022
Q4 		$45.3M Sell
4,408,535
-346,539
-7% -$4.03M 9.58% 3
2022
Q3 		$46.1M Sell
4,755,074
-351,918
-7% -$4.32M 8.6% 4
2022
Q2 		$47.9M Buy
5,106,992
+1,046,915
+26% +$10.6M 7.36% 4
2022
Q1 		$46M Buy
4,060,077
+1,512,868
+59% +$19M 5.98% 8
2021
Q4 		$34.6M Buy
2,547,209
+2,460,815
+2,848% +$37.6M 3.89% 10
2021
Q3 		$1.36M Buy
+86,394
New +$1.33M 0.14% 20

Other funds holding ULCC

IP
Indigo Partners Phoenix, Arizona $453M AUM 128.46% 1-Year Est. Return
WCM
Wildcat Capital Management New York $229M AUM 132.65% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
USGIU
U.S. Global Investors (USGI) San Antonio, Texas $1.04B AUM 73.31% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return
Marshall Wace
Marshall Wace London, United Kingdom $127B AUM 46.06% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Jane Street
Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
Millennium Management
Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Ancient Art's ULCC Position: Q2 2026 in Review

Ancient Art reduced its Frontier Group Holdings (ULCC) stake by 23% in Q2 2026, selling an estimated $3.75M and leaving 2,395,119 shares worth $18.9M. The position accounts for 3.87% of the portfolio, ranked #9.

Ancient Art first reported a position in ULCC in Q3 2021 and has held it in 20 quarters since. The position peaked at $61.2M in Q1 2024. 178 funds tracked by Wall St. Rank hold ULCC as of Q2 2026.

  • Ancient Art held 2,395,119 shares of Frontier Group Holdings worth $18.9M as of Q2 2026.
  • Ancient Art sold 727,585 Frontier Group Holdings shares in Q2 2026, an estimated $3.75M.
  • Frontier Group Holdings made up 3.87% of Ancient Art's portfolio in Q2 2026, its #9 holding.
  • Ancient Art first reported a position in Frontier Group Holdings in Q3 2021 and has held it in 20 quarters since.
  • Ancient Art's Frontier Group Holdings position peaked at $61.2M in Q1 2024.
  • 178 funds tracked by Wall St. Rank held Frontier Group Holdings as of Q2 2026.

Based on Ancient Art's 13F filing for Q2 2026, filed 14 Aug 2026.